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INVN - Tech Stock In Focus

|Includes:InvenSense (INVN)

Below is an example of a stock pick that we didn't include in this weeks newsletter for Astrology Traders because we already had plenty of content. We offer a 14 day grace period to ask for a full refund, no questions asked. I thought I'd share it as Karen sees big things for the Technology sector. Below is an excerpt from an email she sent me the other day.

It happened on January 10 2012 (noon NY) and also Dec 20 2011, The beginning of a huge bull run in technology. so many people will become rich with technology it has the potential to alter all the major economies…this market is going to go much higher than the 80′s tech boom, it will be like another tech bubble into 2020

I see a date in March this sector is going to surprise everyone. There is opportunity for one more pullback early March.

I like how this recent IPO is pulling back to it's 50 ema after a 100% run. The RSI is bullish and will likely trend between 40-80. I would become suspicious on any daily close under it's 50 ema. My first target would be near $19 and I would take half or two-thirds of your position as it will likely run into some resistance around that level.

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Stocks: INVN